Farmland values are becoming increasingly polarised, with buyers paying more attention to cropping flexibility and yield potential, according to estate agents Savills.
The company’s latest land review shows prime arable land in England in the first half of the year rising in value by 4.4 per cent to average £8,138 per acre. In comparison grade 3 livestock land only rose 0.9 per cent to level at £5,531 per acre.
Alex Lawson from Savills said: “For the right opportunity, top prices continue to be paid, particularly where this involves adding a block of land on to an existing holding but the range of values and interest can vary quite significantly.”
In Scotland, where the farmland market started late this year, values have remained unchanged in the past six months, with prime arable land averaging £7,449 per acre and grade 3 livestock land at £3,733 per acre.
As in England there are examples of land making in excess of these figures.